Chapter III—Ayn Rand as Mentor: Humor—Facets of Ayn Randfacetsofaynrand.com/book/chap3-humor.htmlDuring the years when Ayn and Charles were stamp collecting, the conversation ... And she liked Professor Irwin Corey, the character on television who was ...

This Nobel Prize winning Princeton professor mixes dynamic analysis with static analysis, and leads himself into a gross blunder, as evidenced by the similar signs of those static analysis curves(which are nowhere explained by his gibberish math.) He asserts their similar signed slope based on his dynamic hocus-pocus "Minsky Moment" and then uses static analysis(S-D curves with flawed sign/sense of slopes) to come to his conclusions.

At no point do consumers statically prefer to buy MORE of things at higher prices in aggregate(ie, the economies as a whole). The rare exceptions to this are freak outliers like 'the Cadillac effect' and do not represent economies in aggregate. He has mixed(did you see him?)the dynamic analysis of 'a shift in the supply/demand curves' with a fundamental change in sign of the slope of the static demand curve. He made what is known as a blunder, but the results of the blunder supports his politics, and so, is totally reasonable political science.

FAIL, professor. Would not pass muster in any sophomore engineering class.

But ... would fit right into this video, or any of his talking head appearances reprising the role of Dr. Irwin Corey...